Stevo's Market Update 8-22-2010

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Weekly YTD 1 year 5 year 10 year

Dow Jones -1.33% -2.06% 9.24% -3.27% -7.54%


S&P 500 -1.41% -3.89% 6.37% -12.14% -28.16%
Nasdaq -0.92% -3.94% 9.58% 2.06% -44.53%
Weekly of the S&P looks to be bouncing around the 38% and 62%, should continue with
an upward bias going into the November elections.
As per previous update’s expectation we saw an intraday low of $1061.75 on ES.
Can the Ten-Year break out of the range? Bernanke said they would, perhaps, use other methods of
quantitative easing such as buying up longer term treasuries. With Euroland going kaboom (again) expect
treasuries to continue to stay strong.
The Aussie dollar is down 1% this Sunday (the 22nd) so far on a rough election, should help the dollar move up
some more though I see resistance near the $83.50 level.
 Miskin Retards up. (Video is great)
 http://www.zerohedge.com/article/watch-former-fed-governor-fred-napoleon-dynamite-mishkin-dire-need-diaper-change

 Blagonuts says Feds were after Obama


 http://abcnews.go.com/Blotter/blago-winston-churchill-mount-dramatic-comeback/story?id=11448425
 Calculated Risk, Summary for week ending August 21st
 http://www.calculatedriskblog.com/2010/08/summary-for-week-ending-august-21st.html
 Can You Trust “Independent” Research, Wharton whores it out to annuity companies
 http://www.smartmoney.com/investing/stocks/can-you-trust-independent-research/?cid=1122
 Sweet, were Europe in terms of pop ratio working. U-3 is crap. Pop ratio is what matters
 http://legalinsurrection.blogspot.com/2010/08/mission-accomplished.html
 Obama wants to make America more like Europe, remember, Euroland going kaboom!
 http://business.timesonline.co.uk/tol/business/columnists/article6168774.ece
 Personal banruptcys are up, and how.(Graph, a must see)
 http://www.economist.com/node/16843119?story_id=168431196
 Is oil getting cheap?
 http://oiltradersblog.blogspot.com/2010/08/soros-and-australian-dollar.html
 Death of the McMansion? (Ugly architecture=FAIL)
 http://www.cnbc.com/id/38757287
Everybody’s
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